Italy Inflation Rate Revised Down to 0.5% in February

Consumer prices in Italy rose 0.5 percent year-on-year in February of 2018, slightly below a preliminary estimate of a 0.6 percent gain and compared to a 0.9 percent rise in December.
Istat | Luisa Carvalho | 3/16/2018 9:55:27 AM
Year-on-year, cost fell for food & non-alcoholic beverages (-0.8 percent vs 1.3 percent in January), led by a decrease in prices of unprocessed food (-3.2 percent vs 0.4 percent) and a lower rise in those of processed food including alcohol (1.3 percent vs 2.1 percent). Also, cost slowed for housing & utilities (2.6 percent vs 3.1 percent), mainly driven by regulated energy products (5.3 percent vs 6.4 percent). In addition, prices were lower for miscellaneous goods & services (1.5 percent vs 1.6 percent); recreation & culture (1.1 percent vs 1.2 percent) and alcoholic beverages & tobacco (1.2 percent vs 1.3 percent).

On the other hand, cost increased faster for: transport (1.7 percent vs 1.6 percent) and restaurants & hotels (1.2 percent vs 1 percent).

On a monthly basis, consumer prices were unchanged, from a preliminary estimate of a 0.1 percent gain and following a 0.3 percent increase in January.

Annual core inflation rate, which excludes energy and unprocessed food, was 0.6 percent from a initial reading of 0.7 percent ,but the same as in January. Excluding only energy, the inflation eased to 0.2 percent, from a the preliminary figure of 0.3 percent and below 0.6 percent in the prior month.

The harmonized index dropped 0.3 percent on the month (from -1.5 percent in January) and went up 0.5 percent on the year (1.2 percent in January).

Italy Inflation Rate Revised Down to 0.5% in February